What does reinsure mean?
Definitions for reinsure
ˌri ɪnˈʃʊər, -ˈʃɜrrein·sure
This dictionary definitions page includes all the possible meanings, example usage and translations of the word reinsure.
Princeton's WordNet
reinsureverb
provide additional insurance for
reinsureverb
insure again by transferring to another insurance company all or a part of a liability assumed
reinsureverb
insure again by assuming all or a part of the liability of an insurance company already covering a risk
Wiktionary
reinsureverb
To insure again (extending or replacing prior insurance.)
reinsureverb
To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did).
ChatGPT
reinsure
Reinsure refers to the practice where an insurance company transfers a portion of its risk to another insurance company, known as the reinsurer. This is done to manage liability, reduce exposure to loss, protect against catastrophic events, and ensure financial stability. The insurance company that transfers the risk is known as the ceding company. The reinsurer, in return for a share of the premium, agrees to cover the specified risks and pay claims for those risks.
Webster Dictionary
Reinsureverb
to insure again after a former insuranse has ceased; to renew insurance on
Reinsureverb
to insure, as life or property, in favor of one who has taken an insurance risk upon it
Chambers 20th Century Dictionary
Reinsure
rē-in-shōōr′, v.t. to insure a second time by other underwriters.—ns. Reinsur′ance; Reinsur′er.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of reinsure in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of reinsure in Pythagorean Numerology is: 1
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"reinsure." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/reinsure>.
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